Ofgem: Energy price cap to rise by £21 to £1,738 a year on average Politics The UK’s energy price cap is set to rise by £21 for an average household, taking a standard yearly bill to £1,738, Ofgem has said. The energy regulator opted to announce a 1.2 per cent hike in the cap for the period January to March 2025 – or £1.75 a month, on average. It sets [...]
Baby formula price cap could be considered by ministers, regulator says Politics The government could consider introducing a price cap on baby formula with the aim of cutting costs for parents, the Competition and Markets Authority (CMA) has said. Parents are left “paying over the odds” for formula milk due to concerns around regulation in the market, the watchdog has said in an interim report into the [...]
Ofgem drops retail energy price cap to lowest level in two years in boost for households Energy Despite welcoming the price cap drop, Ofgem's head has said there are still "big issues" to be tackled